Class of 2030 Students
The OBBBA considers all incoming students to be “new borrowers,” and you will be affected by these changes.
Direct Unsubsidized Loans
Direct Unsubsidized loans to new borrowers will be subject to new limits:
- New Annual Direct Unsubsidized Loan Limit: $50,000
- New DO Degree Total Direct Unsubsidized Limit: $200,000
- New Lifetime Aggregate Federal Student Loans Limit: $257,500
An important note: The new Lifetime Aggregate Federal Student Loans Limit includes all federal student loans from all schools. That means that if you have already borrowed more than $57,500 in federal student loans before coming to VCOM, you will not be able to use the entire $200,000 DO Degree Limit for your VCOM degree.
Your Lifetime Aggregate Federal Student Loans amount cannot be reduced by repaying part of your loans. All prior federal student loans count toward the limit, even if they are already repaid in full.
Graduate PLUS Loans will not be available to new borrowers; however, many private educational loans are available.
If you need loan money beyond the Direct Unsubsidized amount, you will need to secure a Private Education Loan. For more information about the process, including credit considerations and steps to take, view the Financial Aid Process page.
If you have questions about any of your financial aid options, please contact our Financial Aid Office on your campus.